swigman Posted June 17, 2011 Report Share Posted June 17, 2011 Hi, A group of local potters needs to form a legal entity in order to continue a sale that has previously been sponsored by the local community college. Does anyone know of professional resources for structuring an LLC or non-profit corp? Are there resources witin the Potter's Council or other groups? I appreciate any help. Thanks, Shirley Wigman Link to comment Share on other sites More sharing options...
GEP Posted June 17, 2011 Report Share Posted June 17, 2011 This topic has been brought up before, you can start here: http://ceramicartsdaily.org/community/index.php?/topic/6-potteryceramics-cooperatives/ I don't think you need to form an LLC or a corporation of any kind in order to hold a group sale. All you need is one person with a sales tax license for your state. These are really easy to get, and in many states, they are free. Mea Link to comment Share on other sites More sharing options...
swigman Posted June 18, 2011 Author Report Share Posted June 18, 2011 This topic has been brought up before, you can start here: http://ceramicartsda...s-cooperatives/ I don't think you need to form an LLC or a corporation of any kind in order to hold a group sale. All you need is one person with a sales tax license for your state. These are really easy to get, and in many states, they are free. Mea Our group sale includes over 130 potters, so we need some form of organization to cover liability and other concerns. We have been under the umbrella of the college for bookkeeping, building lease, etc. Link to comment Share on other sites More sharing options...
GEP Posted June 19, 2011 Report Share Posted June 19, 2011 <br><br>Our group sale includes over 130 potters, so we need some form of organization to cover liability and other concerns. We have been under the umbrella of the college for bookkeeping, building lease, etc.<br> Then my advice is to find a CPA to work with. You will have lots of questions, and it will really help to have a professional to answer them. Not to mention someone to prepare the group's tax return every year. There might even be a CPA among those 130 potters! I think you also need to ask yourself "why did the college stop sponsoring this?" Was it a money loser? Was it a hassle? It would be to your great benefit to know this before you undertake the project yourself. This is a second-hand anecdote ... I know of a potter's group that holds an annual sale. Every person who has ever been in charge of organizing the sale refuses to do it again. Too much hassle. Mea Link to comment Share on other sites More sharing options...
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